June 16, 2004
Monroe Township Senior Center - Commissioner
of Personnel Ida L. Castro asked township seniors to
support Governor James E. McGreevey’s property
tax reform initiatives and responded to their questions.
“Seniors who worked all their lives to pay out
their houses are now in danger of losing their homes
because of property taxes,” commented Commissioner
Castro. “We need you to contact your representatives
to tell them you want this bill passed.”
In order to bring desperately needed property tax relief,
Governor McGreevey proposes: a “millionaire’s
tax,” a constitutional convention, and a 2.5%
cap on school budget increases.
Commissioner Castro went on to say, “President
Bush’s tax cuts for the upper echelon mean that
if you earned over $500,000 you got back a $20,000
windfall. Governor McGreevey is saying, how about giving
about $800 of that money to the state to help relieve
the tax burden on municipalities? Only about 28,000
people will pay this additional money which will allow
us to double or triple the maximum payment seniors
can receive.”
Governor McGreevey is asking the State Legislature
to adopt his FAIR (Fair and Immediate Relief) tax plan.
Every dollar of the anticipated $800 million generated
by the “millionaire’s tax” will go
directly to property tax relief for New Jersey’s
working families and seniors.
Thanks to your support, New Jersey’s State Legislature
passed the “millionaire’s tax,” which
has now been signed into law by Governor James E. McGreevey.
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